Professional credit facility
As a FOREX.com Professional, you can apply for a credit facility to give you greater flexibility in your trading account. You may receive up to 25% of the funds you are able to demonstrate you hold, subject to approval.
To apply for a Professional credit facility, please complete the application form below.
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What is a credit facility?
A credit facility is a sum of money we may apply to your FOREX.com Professional account, based on your total demonstrable assets. We may arrange a credit facility of up to 25% (subject to approval) which will then be allocated to your FOREX.com trading account to open further positions.
Documentation
In order to apply for a credit facility, you’ll need to supply documentation that confirms the liquid assets you hold.
Documents we accept | Documents we can't accept |
Bank statements – All bank statements must include your full name and bank details for a minimum of at least four weeks. Any jointly held statements will be taken at 50% (prior to risk haircut). | Overdrafts and loans |
Stock holdings – Any portfolios must include the name and total portfolio value. | Credit card statements |
Share certificates – Any share certificate must include the name of the share and the current value. | Property or mortgages |
Trading statements (from other accounts) – Any trading statement from another broker must include the name and current value. | Luxury goods, such as vehicles |
Tradeable funds (StoneX Financial Pty Ltd. (SFA)) – All funds in your StoneX Financial Pty Ltd. (SFA) account must have been cleared for a minimum of four weeks. No funds can be used to cover any deposits or losses. | Family trust accounts |
How many documents can I provide?
You may upload as many documents as you need to provide evidence of funds when applying for a credit facility. The total value of the funds will then be taken into account before considering your credit application.
For example, if you have provided us two documents – a shares certificate and bank statement – which are both valued at AUD$20,000 each, then we may afford you a credit facility of up to 25% of the total amount of AUD$40,000= AUD$10,000.
Apply for Professional Trading Account to qualify for credit facility
Frequently asked questions
Can retail accounts access the credit facility?
No, retail accounts cannot access the credit facility. It is a Professional-only offering, in much the same way as cash rebates are only available to Professionals.
However, with a retail account, you’ll have access to other features such as negative balance protection and leverage limits, as well as being able to access a wide range of markets and award-winning platforms.
How does the credit facility work?
The credit facility works by allowing you to take out a loan to increase your trading resources. You’ll have the flexibility to open additional positions, but you can’t use the credit facility to pay realised losses. Our credit facilities are always to a set, standardised limit and are interest free.
To access the credit facility, you’ll have to pass our checks. Typically, you can apply for a max credit equivalent of 25% of the funds you hold. For example, if you can demonstrate you have AUD$100,000 in liquid cash assets, you could get a credit of up to AUD$25,000.
Ready to open a Pro account? Check your eligibility and apply here.